Will Profitable Bitcoin Investors Create Selling Pressure? The #BTC price is showing a strong rise followed by significant volatility in the 2024-2025 period. In the latter part of the chart, the price has retreated from its previous peak and is attempting to recover. However, the price appears to be losing momentum.
NRPL is showing sharp jumps both upwards and downwards in the latter part. Profit taking and selling at a loss are occurring simultaneously in the market. This alone does not determine the direction.
NUPL, on the other hand, is the ratio of the net profit/loss on paper (not yet sold) of #bitcoin holders to market value. The latest value in the chart is approximately 0.37; a positive value indicates that profits still exceed losses across the network. However, the value has fallen from its previous highs; this coincides with a decrease in profitability and optimism compared to the peak period.
NUPL remaining positive could mean that many investors are still in profit and may sell on rallies; this could create selling pressure in the short term. Large positive jumps in NRPL also suggest an increase in profit-taking. On the other hand, NUPL being around 0.37 suggests that, according to the chart, excessive optimism has decreased compared to previous peaks, and there may be room for recovery if profit-taking pressure eases. The chart indicates the possibility of volatility and selling pressure in the short term. $BTC
NRPL is showing sharp jumps both upwards and downwards in the latter part. Profit taking and selling at a loss are occurring simultaneously in the market. This alone does not determine the direction.
NUPL, on the other hand, is the ratio of the net profit/loss on paper (not yet sold) of #bitcoin holders to market value. The latest value in the chart is approximately 0.37; a positive value indicates that profits still exceed losses across the network. However, the value has fallen from its previous highs; this coincides with a decrease in profitability and optimism compared to the peak period.
NUPL remaining positive could mean that many investors are still in profit and may sell on rallies; this could create selling pressure in the short term. Large positive jumps in NRPL also suggest an increase in profit-taking. On the other hand, NUPL being around 0.37 suggests that, according to the chart, excessive optimism has decreased compared to previous peaks, and there may be room for recovery if profit-taking pressure eases. The chart indicates the possibility of volatility and selling pressure in the short term. $BTC